Profits and dividends from American investments in Israel will be paid in dollar currency if the original investment was made in dollars be or in machinery and equipment originating in the U.S., Robert R. Nathan, director of the economic department of the Jewish Agency, announced here today.
Nathan pointed out that this policy was in line with the Israeli Government’s announced intention to extend all possible assistance and encouragement to the investment of American capital in Israel. The Israeli Government has set up a joint committee representing the Treasury and the Ministry of Trade, Industry and Supply, to assist and grant licenses to investors who desire to transfer capital or to establish businesses in Israel, ha said.
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